Property profile

18680 8th Mile Rd Southfield, MI 48075

OFF-MARKET
Turn key restaurants
Property ID
US43-1932422
2,800 SF 0.58 ac lot Built 1968
Individually Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Total area 2,800 SF
Lot 0.58 ac (25,221 SF)
Zoning code OS
APN 76-24-35-453-027
UPID US43-1932422

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

18680 8th Mile Rd Southfield, MI 48075-4128
Southfield metro Census 162300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2019
4 recorded transactions
2019
$185,000
2019
$250,000
2005
$185,000
2005
Price N/A

Zoning & alternative use

OS · Southfield, MI
Zoning description

Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and personal services

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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